This paper presents the development and estimation of a novel semi-compensatory model for residential choice. The model assumes that apartment seekers engage in a two-stage process, consisting of a non-compensatory strategy to retain only alternatives that meet search-criteria thresholds,...

Spatial choices entailing many alternatives (e.g., residence, trip destination) are typically represented by compensatory models based on utility maximization with exogenous choice set generation, which might lead to incorrect choice sets and hence to biased demand elasticity estimates....